Wesley Card, chief executive officer of The Jones Group Inc., saw his compensation inch up 1.1 percent to $6.3 million last year.
His take included a salary of $1.6 million, cash incentive pay of $1.7 million and stock awards valued at $2.8 million. The ceo might not realize the recorded value of stock compensation, which is tied to the company’s operating performance and its stock price.
Richard Dickson, president and ceo of Jones’ branded businesses, saw total compensation rise 11.9 percent to $5.2 million. Dickson’s pay included salary of $1.1 million, incentive pay of $1 million and stock awards valued at $3 million.
Jones detailed pay to top executives and said it would hold its annual meeting on June 14 in its proxy statement, filed with the Securities and Exchange Commission Wednesday.
At that meeting, activist investor James Mitarotonda, chairman, president and chief executive officer of Barington Capital Group, is expected to be added to Jones’ board. Barington controls a 2.3 percent stake of the company and has pushed it to tighten up its operations.
Jones said last month it would close 120 more stores than previously planned and streamline certain wholesale businesses.